B2Gold (BTG) EBITDA (2012 - 2026)
B2Gold (BTG) posted quarterly EBITDA of $626.5 million for Q1 2026, up 151.05% year-over-year from $249.6 million in Q1 2025, and up 22.59% on a QoQ basis from $511.0 million in Q4 2025.
B2Gold (BTG) EBITDA (2012 - 2026) Analysis & Trends
B2Gold (BTG) has reported EBITDA for 15 consecutive years, with $626.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, EBITDA rose 151.05% year-over-year to $626.5 million; the TTM figure through Mar 2026 stood at $1.8 billion (up 4282.92% YoY), while the FY2025 annual figure was $1.4 billion, up 656.63% from the prior year.
- EBITDA came in at $626.5 million for Q1 2026 at B2Gold, up from $511.0 million in the prior quarter.
- The five-year high for EBITDA was $626.5 million in Q1 2026, with the low at -$562.2 million in Q3 2024.
- Average EBITDA over 5 years is $183.4 million, with a median of $210.9 million recorded in 2023.
- The largest YoY upside for EBITDA was 464.98% in 2024 against a maximum downside of 2142.59% in 2024.
- Year by year, EBITDA stood at $232.0 million in 2022, then slumped by 115.17% to -$35.2 million in 2023, then soared by 464.98% to $128.4 million in 2024, then jumped by 297.96% to $511.0 million in 2025, then rose by 22.59% to $626.5 million in 2026.
- According to Business Quant data, EBITDA over the past three periods registered $626.5 million, $511.0 million, and $332.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 3.04 Bn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | -13.78 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 4.45 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | 97.43 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 751.65 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | 24.27 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 550.40 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 1.34 Bn |
| 10 | B2Gold | 5.12 Bn | 5.16 Bn | 609.77 Mn | 626.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 626.50 Mn |
| Dec 31, 2025 | 511.04 Mn |
| Sep 30, 2025 | 332.87 Mn |
| Jun 30, 2025 | 367.22 Mn |
| Mar 31, 2025 | 249.55 Mn |
| Dec 31, 2024 | 128.42 Mn |
| Sep 30, 2024 | -562.18 Mn |
| Jun 30, 2024 | 226.14 Mn |
| Mar 31, 2024 | 198.36 Mn |
| Dec 31, 2023 | -35.18 Mn |
| Sep 30, 2023 | 27.52 Mn |
| Jun 30, 2023 | 211.32 Mn |
| Mar 31, 2023 | 227.82 Mn |
| Dec 31, 2022 | 231.95 Mn |
| Sep 30, 2022 | 96.38 Mn |
| Jun 30, 2022 | 12.67 Mn |
| Mar 31, 2022 | 150.50 Mn |
| Dec 31, 2021 | 266.91 Mn |
| Sep 30, 2021 | 245.58 Mn |
| Jun 30, 2021 | 138.74 Mn |